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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC3 years Filed as: BB&T SECURITIES LLC Service code 15 901 EAST BYRD STREET · RICHMOND, VA 23219 | Recordkeeping | $18,458 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $15,693 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,624 | $100,801-91.4% | $149,745-94.2% | $73,412-88.3% |
| Participation rate | 86.0% | 77.7%+8.3pp | 82.5%+3.5pp | 72.2%+13.8pp |
| Annual return | 24.57% | 265.34%-240.8pp | 276.72%-252.2pp | 59.30%-34.7pp |
| Employer contribution / active EE | $914 | $3,312-72.4% | $4,646-80.3% | $2,234-59.1% |
| Participant deferral / active EE | $2,166 | $6,404-66.2% | $6,843-68.3% | $3,806-43.1% |
| Admin fee / account holder | $53 | $181-70.5% | $9,312-99.4% | $158-66.2% |